The unique situation in which the behavior of buyers and sellers is compatible is referred to as
A) Full-employment GDP.
B) Macro equilibrium.
C) Micro equilibrium.
D) Labor market balance.
Correct Answer:
Verified
Q47: Macro equilibrium always occurs when
A)Aggregate supply is
Q48: Alternating periods of economic growth and contraction
Q49: Which of the following would result if
Q50: A vertical aggregate supply curve
A)Implies that supply-side
Q51: The cost effect implies that
A)Higher costs are
Q53: According to Keynes,unemployment results from
A)Increased business investment
Q54: Ceteris paribus,the price level will decrease if
Q55: Controversies between Keynesian,monetarist,and supply-side theories focus on
Q56: The emphasis by some economists on long-term
Q57: Which combination of shifts of aggregate demand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents